Uranium, a Raging Bull
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front page of advertiser. The discovery of a MASSIVE new south australian uranium deposit could be the countrys biggest such find in a quarter century.Prospectors hoping to mine near the existing beverly mine in the states far north today will detail the discovery and inform the stock exchange.mr rann said he had been informed of the discovery by heathgate resources affiliate quaser resources and joint venture partner alliance resources
Sean K
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In the Fin this am, PB was quoted as saying that if it was up to him he would not allow U mining in QLD. Also, KR stated that if the policy changes it's his preference to give states the right to decide to allow U mining or not. This indicates to me that QLD miners are going to be behind the eight ball here. Meanwhile, MR is out there in the SA desert with a spade looking for uranium himself.
Anyone else varify these comments?
Anyone else varify these comments?
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According to SIM's Mar 22 ann, it has identified the same formation which hosts the B4M from EL3410 and EL3388.
Another company GIR could find somethng similar.
Another company GIR could find somethng similar.
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Seeing something strange for uranium stocks recently? There is almost identical pattern:
1st: Share price up;
2nd: Placement ann at 10% discount;
3rd: Share price continuously goes up instead of down afterwards;
Mate, cannot be right. Or institutions finally wake up. Can somebody done a parallel analysis to the DOTCOM boom and bust?
1st: Share price up;
2nd: Placement ann at 10% discount;
3rd: Share price continuously goes up instead of down afterwards;
Mate, cannot be right. Or institutions finally wake up. Can somebody done a parallel analysis to the DOTCOM boom and bust?
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Is it possible that Petter Beattie might face pressure over protecting the states coal industry?
One major problem we have is a skills shortage to get these new mines up and running.
I guess he will just say that it will create more jobs and wealth for the state and that will be the end of it
Start building.
Well ive got my welding tools ready to go, help dig out my future
One major problem we have is a skills shortage to get these new mines up and running.
I guess he will just say that it will create more jobs and wealth for the state and that will be the end of it
Start building.
Well ive got my welding tools ready to go, help dig out my future
SA seems to be the new "hot spot" of U prospecting....several ramping stocks, most notably AGS, but there are others, including what I consider the most unknown/undervalued of the bunch...
petervan:
"The discovery of a MASSIVE new south australian uranium deposit could be the countrys biggest such find in a quarter century.Prospectors hoping to mine near the existing beverly mine in the states far north today will detail the discovery and inform the stock exchange.mr rann said he had been informed of the discovery by heathgate resources affiliate quaser resources and joint venture partner alliance resources.."
petervan:
"The discovery of a MASSIVE new south australian uranium deposit could be the countrys biggest such find in a quarter century.Prospectors hoping to mine near the existing beverly mine in the states far north today will detail the discovery and inform the stock exchange.mr rann said he had been informed of the discovery by heathgate resources affiliate quaser resources and joint venture partner alliance resources.."
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Yep SRZ!
petervan:
"The discovery of a MASSIVE new south australian uranium deposit could be the countrys biggest such find in a quarter century.Prospectors hoping to mine near the existing beverly mine in the states far north today will detail the discovery and inform the stock exchange.mr rann said he had been informed of the discovery by heathgate resources affiliate quaser resources and joint venture partner alliance resources.."[/QUOTE]
Was it explain that this quote in the newspaper was about AGS ?
"The discovery of a MASSIVE new south australian uranium deposit could be the countrys biggest such find in a quarter century.Prospectors hoping to mine near the existing beverly mine in the states far north today will detail the discovery and inform the stock exchange.mr rann said he had been informed of the discovery by heathgate resources affiliate quaser resources and joint venture partner alliance resources.."[/QUOTE]
Was it explain that this quote in the newspaper was about AGS ?
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It likes a huge garage sale, suddenly goldsmith, blacksmith, can claim they have found some uranium wrapped in a box. Amazing. We have see URL, EDN, ADN, THX,.... the latest one is SMC. They have found some serious staff, such as 6m of 2500ppm!
My lord, I better to double check historic owner records on my house...
My lord, I better to double check historic owner records on my house...
Sean K
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Yes, a bubble is brewing IMO. The trick may be to ride the wave, but be protected. Have parachute handy, and don't over commit. Also, source 'quality undervalued companies' for longer term investments - and have a parachute handy. Of course, others will argue of the 'fundamentals' of the U industry, but it's really getting loopy out there IMO.
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Based on U.TO share price, U3O8 is expected to be US$110.
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It will take a while for the bubble to burst though
http://www.mineweb.net/mineweb/view/mineweb/en/page38?oid=19055&sn=Detail
RBC says uranium bull market thriving and forecasts average $100/lb price in 2007
In a recent study, RBC Capital Markets advised that mining remains in the middle of a uranium bull market with an average $100/lb price this year.
Author: Dorothy Kosich
Posted: Wednesday , 04 Apr 2007
RENO, NV -
An RBC Capital Markets research report released last month asserts that uranium remains in the middle of a bull market, with an average price of $100/lb forecast for this year.
In their report, "Investing in Uranium Companies," RBC provides a good introduction to the mining sector, which is applicable to a broader range of hardrock minerals and metals.
RBC's analysis asserts that a supply-gap will exist in uranium after 2013.
The analysts suggest the two best strategies that a uranium producer or developer can use to drive shareholder returns are "becoming a producer and positioning the company for acquisition. Other strategies include land/area plans or simply the acquisition of as many ‘pounds in the ground' as possible regardless of asset quality-but we believe these are inferior strategies," RBC Dominion Securities Analyst Adam Schatzker wrote.
RBC uses a formula of forward earnings per share (EPS) or CFPS multiples to reflect the valuation of uranium companies with existing operations. For those developing new projects, the analysts use a net asset value (NAV) approach. "For exploration companies where it is too early to calculate an NAV, we look to the enterprise value per pound of U308 (EV/lb) in resources."
The report advises that the most important criteria that needs to be evaluated when examining a uranium project include grade, deposit types, the kind of mining and extraction methods to be used, permitting issues, political risk, production timeline, and reserves, resource and historical resources.
"Due to the lower level of confidence, the application of mining dilution and cutoff grades, and the fact that the final reserve/resource may be smaller, we believe inferred resources should command lower EV/lb than measured and indicated resources and, of course, reserves," according to Schatzker.
He advised that is it worthwhile for investors to focus on uranium ISL (in-situ leach) deposits "as we expected that the contribution from ISL uranium deposits will increase dramatically over the next 10 years. ...ISL mines have the benefit of relatively low capital costs and lower environmental footprints, and they can often be brought into production in a much shorter timeframe than conventional mines."
RBC's top uranium company picks include Canada's Cameco (TSX: CCO; NYSE: CCJ) which is the world's largest publicly traded uranium producer. Currently Cameco is developing two new mines in Canada and Central Asia. Analyst H. Fraser Phillips forecast a 12-month target of Canadian $60/share.
Australia's Energy Resources (ASX: ERA), the world's third largest uranium producer, was selected by analyst Chris Lancaster as "SECTOR PERFORM, ABOVE AVERAGE RISK." Lancaster also selected Paladin Resources (ASX, TSX: PDN) because of its potential to write contracts of five or more years at prices around the current uranium price of US$85/lb. "Over the next four years to 2010, we estimated that PDN will ramp up production quickly to approximately 5.9 million pounds per annum of U308," he said. Lancaster rated Paladin "OUTPERFORM, ABOVE AVERAGE RISK" with a 12-month target of A$12/sh.
London analyst George Lequime picked First Uranium (TSX: FIU), citing its Ezulwini and Buffelsfontein gold and uranium projects in South Africa. He rated the company "OUTPERFORM, ABOVE AVERAGE RISK," with a 12-month target of Cdn$12/sh.
Toronto-based Schatzker likes sxr Uranium One (TSX: SXR), which recently announced its planned merger with UrAsia to form Uranium One. He highlighted SXR's Dominion Uranium Project in South Africa, forecasting that its atmospheric leach circuit will ramp up to 3.5 million pounds by 2008 and eventually double production by 2015. He rated the company ‘SECTOR PERFORM, ABOVE AVERAGE RISK," with a 12-month target of Cdn$18/sh.
"The EPS and NAV used to calculate our target price incorporate our valuation of UrAsia and assume that the deal proceeds as announced," Schatzker explained. "We believe that SXR will enter into contracts in 2007 that will determine a significant portion of the company's value; the ability of the company to successfully complete these contracts at the prices we forecast will likely be reflected in the share price."
Among the "NOT RATED" uranium companies highlighted in RBC's report were Aurora Energy, Berkeley Resources, Denison Mines, Energy Metals, Forsys Metals, Khan Resources, Laramide Resources, Mega Uranium, OmegaCorp, Strathmore Minerals, Tournigan Gold, Ur-Energy, Ur-Asia Energy, UraMin, Uranium Power Corporation, and Western Prospector Group.
http://www.mineweb.net/mineweb/view/mineweb/en/page38?oid=19055&sn=Detail
RBC says uranium bull market thriving and forecasts average $100/lb price in 2007
In a recent study, RBC Capital Markets advised that mining remains in the middle of a uranium bull market with an average $100/lb price this year.
Author: Dorothy Kosich
Posted: Wednesday , 04 Apr 2007
RENO, NV -
An RBC Capital Markets research report released last month asserts that uranium remains in the middle of a bull market, with an average price of $100/lb forecast for this year.
In their report, "Investing in Uranium Companies," RBC provides a good introduction to the mining sector, which is applicable to a broader range of hardrock minerals and metals.
RBC's analysis asserts that a supply-gap will exist in uranium after 2013.
The analysts suggest the two best strategies that a uranium producer or developer can use to drive shareholder returns are "becoming a producer and positioning the company for acquisition. Other strategies include land/area plans or simply the acquisition of as many ‘pounds in the ground' as possible regardless of asset quality-but we believe these are inferior strategies," RBC Dominion Securities Analyst Adam Schatzker wrote.
RBC uses a formula of forward earnings per share (EPS) or CFPS multiples to reflect the valuation of uranium companies with existing operations. For those developing new projects, the analysts use a net asset value (NAV) approach. "For exploration companies where it is too early to calculate an NAV, we look to the enterprise value per pound of U308 (EV/lb) in resources."
The report advises that the most important criteria that needs to be evaluated when examining a uranium project include grade, deposit types, the kind of mining and extraction methods to be used, permitting issues, political risk, production timeline, and reserves, resource and historical resources.
"Due to the lower level of confidence, the application of mining dilution and cutoff grades, and the fact that the final reserve/resource may be smaller, we believe inferred resources should command lower EV/lb than measured and indicated resources and, of course, reserves," according to Schatzker.
He advised that is it worthwhile for investors to focus on uranium ISL (in-situ leach) deposits "as we expected that the contribution from ISL uranium deposits will increase dramatically over the next 10 years. ...ISL mines have the benefit of relatively low capital costs and lower environmental footprints, and they can often be brought into production in a much shorter timeframe than conventional mines."
RBC's top uranium company picks include Canada's Cameco (TSX: CCO; NYSE: CCJ) which is the world's largest publicly traded uranium producer. Currently Cameco is developing two new mines in Canada and Central Asia. Analyst H. Fraser Phillips forecast a 12-month target of Canadian $60/share.
Australia's Energy Resources (ASX: ERA), the world's third largest uranium producer, was selected by analyst Chris Lancaster as "SECTOR PERFORM, ABOVE AVERAGE RISK." Lancaster also selected Paladin Resources (ASX, TSX: PDN) because of its potential to write contracts of five or more years at prices around the current uranium price of US$85/lb. "Over the next four years to 2010, we estimated that PDN will ramp up production quickly to approximately 5.9 million pounds per annum of U308," he said. Lancaster rated Paladin "OUTPERFORM, ABOVE AVERAGE RISK" with a 12-month target of A$12/sh.
London analyst George Lequime picked First Uranium (TSX: FIU), citing its Ezulwini and Buffelsfontein gold and uranium projects in South Africa. He rated the company "OUTPERFORM, ABOVE AVERAGE RISK," with a 12-month target of Cdn$12/sh.
Toronto-based Schatzker likes sxr Uranium One (TSX: SXR), which recently announced its planned merger with UrAsia to form Uranium One. He highlighted SXR's Dominion Uranium Project in South Africa, forecasting that its atmospheric leach circuit will ramp up to 3.5 million pounds by 2008 and eventually double production by 2015. He rated the company ‘SECTOR PERFORM, ABOVE AVERAGE RISK," with a 12-month target of Cdn$18/sh.
"The EPS and NAV used to calculate our target price incorporate our valuation of UrAsia and assume that the deal proceeds as announced," Schatzker explained. "We believe that SXR will enter into contracts in 2007 that will determine a significant portion of the company's value; the ability of the company to successfully complete these contracts at the prices we forecast will likely be reflected in the share price."
Among the "NOT RATED" uranium companies highlighted in RBC's report were Aurora Energy, Berkeley Resources, Denison Mines, Energy Metals, Forsys Metals, Khan Resources, Laramide Resources, Mega Uranium, OmegaCorp, Strathmore Minerals, Tournigan Gold, Ur-Energy, Ur-Asia Energy, UraMin, Uranium Power Corporation, and Western Prospector Group.
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There is more money in actually buying Uranium, stocking and then calling for tenders.
Going down to bunnings tomorrow to me a garden shed.
The Nuclear Market Review (NMR) said buyers were seeking more than three million pounds of the nuclear fuel at the end of March, with several utilities making preliminary inquiries about potential purchases.
Energy Resources of Australia, which produces about 11 per cent of the world's uranium, warned on Monday that recent wet weather would affect its production for at least a year.
NMR said the market remained tight and all eyes would be on the sale overnight of 100,000 pounds of uranium by a US producer.
The frenzy surrounding uranium was exemplified yesterday by a 133 per cent jump in Haddington Resources shares.
The company announced it had identified new uranium targets on its Northern Territory tenements after a review of historic literature.
Going down to bunnings tomorrow to me a garden shed.
The Nuclear Market Review (NMR) said buyers were seeking more than three million pounds of the nuclear fuel at the end of March, with several utilities making preliminary inquiries about potential purchases.
Energy Resources of Australia, which produces about 11 per cent of the world's uranium, warned on Monday that recent wet weather would affect its production for at least a year.
NMR said the market remained tight and all eyes would be on the sale overnight of 100,000 pounds of uranium by a US producer.
The frenzy surrounding uranium was exemplified yesterday by a 133 per cent jump in Haddington Resources shares.
The company announced it had identified new uranium targets on its Northern Territory tenements after a review of historic literature.
My subscription service to TradeTech's Nuclear Market Review arrived at 5:52pm tonight and reports the new spot price is $113/lb, thanks to an auction on Tuesday of only 100K lbs by privately held Mestena Uranium LLC of Texas. We have a market that is melting UP!
mmmmining...you were close...
mmmmining...you were close...
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Appreciate the courteous and prompt update in the uranium price...... much appreciated.
